Prime Minister Justin Trudeau’s government has unveiled plans to reduce immigration levels in an effort to tackle Canada’s growing housing crisis. According to the Office of the Parliamentary Budget Officer (PBO), these measures could narrow the housing supply gap by 45% by 2030. This reduction would represent 534,000 fewer units needed to meet demand, bringing the projected shortfall down to 658,000 homes from the previous estimate of over one million.

Canadian home sales recently reached their highest level since April 2022, with a 7.7% increase in October compared to the previous month. This growth highlights a significant resurgence in the market, particularly after months of cautious activity driven by higher borrowing costs. The Canadian Real Estate Association (CREA) attributes this uptick to pent-up demand, as many buyers returned to the market after sitting on the sidelines.

Canada Mortgage and Housing Corporation (CMHC) has raised concerns about growing risks in the country’s housing market. In its latest report, CMHC highlighted a rise in mortgage delinquencies and the increasing reliance on alternative lending options. These trends suggest that Canadians are struggling to manage their housing costs amid high-interest rates and economic uncertainty.

Mississauga's Mayor Carolyn Parrish has voiced strong support for the Exchange District development project, a transformative initiative led by Camrost Felcorp. Located in the heart of downtown Mississauga, the project aligns with the city’s strategic growth plan to accommodate a rapidly expanding population, expected to surpass 850,000 by 2031. Parrish sees the project as a cornerstone for modern urban living in one of Canada’s fastest-growing cities.

Canada’s housing crisis is an increasingly pressing issue, and experts are urging the nation to consider a surprising source of inspiration: Europe. European cities like Vienna and Amsterdam have adopted innovative housing policies that focus on affordability, community living, and sustainability, offering valuable lessons for Canada. These models prioritize long-term affordability by involving public ownership, cooperative housing, and regulations that keep rents stable over decades.

In Toronto's picturesque Leaside neighborhood, the Upper East Village community is reimagining what downsizing means. This thoughtfully designed development targets Gen-Xers and Baby Boomers, blending upscale living with practicality for those looking to transition from larger homes to a more manageable lifestyle. Its location offers a unique balance of convenience and charm, with easy access to local boutiques, dining options, and expansive green spaces, making it an attractive option for those seeking both comfort and leisure.

A semi-detached home on Queen Street East in Toronto has sparked interest and intense negotiations between two buyers after its price was unexpectedly increased. The property, which had been on the market for several weeks, initially attracted attention due to its location and potential. However, the sudden price adjustment led to a flurry of discussions and bidding.

In an unprecedented move, the town of Ajax has approved a 25-unit townhome development by Marshall Homes in just five weeks, dramatically shortening a process that typically takes 18-24 months. The project, located in north Ajax at the edge of an existing subdivision, showcases what streamlined collaboration between developers and municipal authorities can achieve.

Tighter mortgage regulations in Canada are sparking debate among prospective homebuyers and real estate experts. While the rules aim to ensure market stability, they could also result in long-term financial strain for those trying to enter the housing market.

A fresh chapter in housing has opened in Innisfil, Ontario, with the launch of Lakehaven, a community blending affordability, accessibility, and natural beauty. Developed by Mattamy Homes and Parkbridge, Lakehaven promises a lifestyle rooted in balance, offering both freehold detached homes and land-lease bungalow townhomes. With proximity to Lake Simcoe, residents can enjoy serene shorelines, trails, and lush green spaces, all while being well-connected to Toronto via GO Transit and major highways.

A Toronto couple transformed their century-old home into a welcoming space that accommodates three generations under one roof. Dr. Savtaj Singh Brar and his wife, Jaspreet Dhaliwal, reimagined their downtown house during the pandemic to include a dedicated suite for Dr. Brar’s mother, who moved in after facing isolation in her suburban residence. This thoughtful renovation not only addressed accessibility needs but also fused modern and cultural design elements.

Toronto could soon see significant changes to its busiest streets as city officials discuss a policy for "as-of-right" zoning that simplifies approvals for mid-rise buildings. If passed, the policy would allow structures up to 11 storeys tall on key corridors, aligning with city efforts to address the housing crisis by increasing density and streamlining construction processes. This approach builds on Toronto’s past initiatives to encourage mid-rise development along designated Avenues.

A family in Toronto has turned a century-old house into a multigenerational home, incorporating both modern design and traditional Punjabi elements. The renovation was intended to accommodate the grandmother, ensuring comfort and familiarity while honoring the family's cultural heritage. The project has drawn attention for its thoughtful blend of styles that prioritize both practicality and aesthetics.

In a surprising turn, average rent prices in Canada fell year-over-year for the first time since July 2021. Data from Rentals.ca and Urbanation showed a 1.2% decline in October, reversing a consistent upward trend. Experts attribute the drop to economic changes and a record number of new apartment completions, offering some relief to renters.

A significant price adjustment led to the sale of a luxury semi-detached home in Toronto's upscale Rosedale neighborhood for $5.6 million. Originally listed at $6.195 million, the property experienced a notable reduction to $5.995 million, ultimately closing below the revised asking price after 17 days on the market. The sale highlights the impact of strategic pricing in a shifting real estate landscape.

Nestled in Toronto’s picturesque Summerhill neighborhood, the home at 19 Woodlawn Avenue West is a stunning blend of traditional and modern design. From its red-brick façade shaded by a mature basswood tree to the chic, contemporary interiors, this four-bedroom, four-bathroom property is an architectural masterpiece tailored for family living. Located in a sought-after area, the home boasts an unbeatable combination of charm and functionality.

The Canadian real estate market is bracing for a revival in ski homes by 2025, according to a new prediction from Royal LePage. After a period of cooling, the demand for properties in popular ski destinations is expected to climb as both domestic and international buyers return to the market.

In a surprising turn, three-year fixed mortgage rates in Canada have dropped for the second time in recent months. This development comes despite bond yields, a key influence on mortgage pricing, continuing their upward trend. Lower rates could provide some relief to homeowners and buyers amidst high living costs and inflation.

A young couple, longtime renters in the Greater Toronto Area, recently made a surprising leap into homeownership after noticing a lawn sign while driving through Etobicoke. The couple, drawn by the home's location and features, finalized the deal on a 1960s-era back-split house—an increasingly rare find in today’s competitive housing market.

A proposal has been submitted for a 40-storey development at 267-275 Merton Street in midtown Toronto. The project, led by Collecdev-Markee Developments in partnership with the City of Toronto, will feature 494 purpose-built rental units. Notably, 30% of these will be affordable housing, addressing the city's pressing need for diverse rental options.

Winter can be harsh on homes, especially if you haven’t prepared in advance. As the cold months approach, taking the time to handle some key DIY repairs will help protect your home from potential damage. By addressing common issues such as drafts, clogged gutters, and exterior cracks, you not only keep your house in good shape but also reduce the risk of expensive repairs during the winter. These simple projects can save you money on heating costs and keep your home more energy-efficient during the colder months.

The Bank of Canada's Senior Deputy Governor, Carolyn Rogers, has issued a caution against making abrupt changes to Canada’s mortgage market, emphasizing the importance of stability during uncertain economic times. Rogers highlighted that while mortgage policies should evolve to meet economic challenges, overly reactive measures could inadvertently harm the housing market and broader economy.

The Bank of Canada (BoC) recently signaled that its current high-interest-rate environment might last longer than previously anticipated. According to its latest Market Participants Survey (MPS), experts foresee only modest rate cuts by the end of 2025, with interest rates settling at 2.75%—still significantly above pre-pandemic levels. This shift reflects a broader trend toward sustained higher borrowing costs, marking a departure from the historically low rates of the past decade.

The Canada Mortgage and Housing Corporation (CMHC) has raised concerns about rising risks in the country’s mortgage market, citing a gradual increase in delinquency rates. While most homeowners continue to meet their payment obligations, there are signs that economic pressures are causing financial strain for some. This trend is drawing attention as a potential indicator of broader economic challenges.

Canada’s real estate market is adjusting to new realities as population growth slows and condo prices in Toronto experience significant drops. Recent reports highlight a 57% decrease in permanent resident applications this past July, signaling a broader trend of reduced immigration. Such shifts could disproportionately impact provinces like British Columbia and Ontario, where high immigration has historically driven housing demand.